Government says a critical issue that needs to be considered in the cocoa supply chain is sustainable improvement in farmer incentive structure. This farmer incentive structure hinges on farmer income, cocoa quality, market price, productivity among others. In a speech read on his behalf at a national roundtable on sustainable cocoa economy, the Minister of Finance and Economic Planning, Dr. Kwabena Duffour, said it is necessary that the meeting identifies and assesses policies of stakeholders in the cocoa chain in order to attain the appropriate sustainable structures for the Ghanaian cocoa economy.
The Manager of African Connections – CISCO Training Center, Ronald Pickings, has reiterated the need to empower entrepreneurs through business skills training. This, he said, will enable them acquire knowledge in starting and maintaining businesses successfully and to a large extent boost the Ghanaian economy to meet international standards.
The Ministry of Finance and Economic Planning on Wednesday signed for a supplementary support from the European development Fund for the country Strategy Paper for development for the period 2008 to 2013. The agreements consist of an eight million euro facility for the Natural Resources and Environment Governance and fifteen million euros in support of the country’s budget.
Inflation for the month of February has dropped to 14.23, indicating a 0.55% drop from that of January 2010 which was 14.78. This is the lowest rate in 8 months and the lowest for 22 consecutive months. According to Magnus Ebo Duncan, Director of Economic Statistics, the major contributors for the current decline were mainly in the Food sector with the fruits subsector contributing a negative figure.
